Tag: Business Post

Business Post delivers improvement

Posted by | Jul 12, 2006 | |

A company handed a licence under the deregulation of the postal service has showed signs of recovery following a profits warning earlier this year.

Business Post warned in January that annual profits for the year to March 31 would be pounds 4.5m lower than expectations because of the cost of buying out the leases to a string of franchised depots.

The company said a number of initiatives had helped stabilise its performance since then, adding that recent trading was satisfactory and in line with market hopes.

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Business Post says Q1 trading in line with expectations

Posted by | Jul 11, 2006 | |

Business Post Group PLC said first quarter trading was satisfactory and in line
with the board’s expectations.

In a statement prepared for today’s AGM, chairman Peter Kane said the performance improvement initiatives within Parcel Services continue to make progress.

Parcel Services, comprising the overnight business-to-business, business-to-consumer, and cross-border parcel delivery activities, continues to make steady progress following the difficulties experienced in 2005, Kane added.

He said service levels have remained at a very high standard and the programme of reducing unit costs within the Linehaul operation is proceeding to plan.

Further progress has also been made in improving the performance of the franchise network.

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Parcel services hit Business Post

Posted by | May 24, 2006 | |

Business Post reported a 74 per cent fall in pre-tax profit after persistent problems at its core parcel services business. The company, which has issued four profit warnings in 16 months, said pre-tax profit fell 74 per cent to Pounds 5m for the year to March 31, in line with expectations. Sales rose from Pounds 233.3m to Pounds 278.2m. Its shares rose 31 3/4p to 379p yesterday. Guy Buswell, the chief executive brought in last December to turn the company round, said: “This is not great news on a numbers basis but we have done a lot since January and I have absolute confidence in the recovery.”

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